Cholamandalam Investment & Finance Sees 10.64% Rise in Open Interest to 45,678

Cholamandalam Investment & Finance Company Ltd (CHOLAFIN) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 45,678, up from the previous figure of 41,284, marking a change of 4,394, or 10.64%. This uptick coincides with a trading volume of 31,817, indicating robust engagement in the market.
In terms of price performance, Cholamandalam is currently trading just 0.86% away from its 52-week high of Rs 1,708. The stock has outperformed its sector by 1.17% today, with a one-day return of 1.26%, compared to the sector's return of 0.22% and the Sensex's return of 0.31%. Notably, Cholamandalam is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

However, it is worth noting a decline in investor participation, with delivery volume on October 21 falling by 91.67% against the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 4.58 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Cholamandalam Investment & Finance Company.